Economic
The Gambia's Economic Hardships: Currency Depreciation, Trade Deficit, and Rising Prices
The Gambia faces persistent economic hardships characterized by a constantly depreciating currency, rising prices, and a severe trade deficit.
The article notes that the Gambian dalasi has been constantly losing value against major trading partners' currencies, driven by a large trade imbalance where imports far exceed exports. The country runs a persistent trade deficit, with imports of goods and services exceeding $700 million in 2021 while exports stood at only about $150 million, representing just 6.5% of GDP that year. Inflationary pressures and reliance on imports have contributed to higher prices, exacerbating the cost of living and imposing strain on macroeconomic stability.
- Status
- active
- Location
- The Gambia
- Date added
- 2026-03-25 11:15 UTC
- Last updated
- 2026-03-25 11:15 UTC
- Connected threats
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- Not Available